Tuesday, 25 September 2012

Stock Overview - SCOMI - 26 Sep 2012

SCOMI ( 7158 : 0.38 ) : Take profit

Description
Resistance : 0.41

Support : 0.36

RSI of 73
RSI is approaching overbought

STOCHASTIC
It is on an upswing

Comment
On the 13/9/2012 buy call at 0.33, we are recommending to take profit as it may be affected by the ‘sell after fact’ profit taking

Trading Strategy
Take profit

Source:Jupiter Securities Research, 26 September 2012

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